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Compose a 500 words essay on Current Event Summary. Needs to be plagiarism free!The dollar gains are present even when there is a decline in stocks of the United States. There has been a decade of low
Compose a 500 words essay on Current Event Summary. Needs to be plagiarism free!
The dollar gains are present even when there is a decline in stocks of the United States. There has been a decade of low interest rates and easy money but the dollar has remained strong bringing back memories of the 1990s under President Clinton (Thomas 2).
During that time, the United Nations had good health systems and the currency favored travelling amongst the Americans and investors. However, with the current economy currency moves can be fleeting and deceptive. A push by the investors is favorable since it is a highlight of good performance. As long as the U.S is in constant growth and the rest of the world stays stagnant the dollar will remain strong. Having a strong dollar is not always a plus since it can hurt exports and stall economic growth. The success of economies can be puzzling. In the market economy, no one looks out for economic well being of the society as a whole. Market economies try to promote the overall economic well-being not just the currency (Mankiw 7).
The economic problems of the United States have not disappeared since unemployment is still very high and the levels of debt have gone high as well. The government has done very little to put an end to the growth of government spending. Governments sometimes can be involved in improving the market outcomes. The invisible hand only works if the government enforces rules that are the key to the market economy (Mankiw 10). Therefore, the United States government can have a role to play in the nation’s economy.
Recently, the dollar has gained so much strength over the euro as stated by the European’s central bank president. Most of the European economists say that a weak euro jump-starts exports thus can spur growth in Europe’s economy. Traders have added on their bets that the euro will continue to fall relating to problems such as anemic growth. Data shows that the short positions on the euro are very popular currency trades (Thomas 2).
Most traders believe that the
